European defense stocks rose due to ongoing geopolitical uncertainty, boosting demand in the sector. The positive earnings report from BAE Systems also drove stock prices higher. A basket of European defense spending-related stocks from Goldman Sachs saw a daily increase of up to 3.8%, with a cumulative rise of 19% this year. The index had previously dropped by 2.6% ahead of talks in Geneva on Tuesday. Thales shares rose by 4.6%, while Leonardo, Dassault Aviation, and Theon saw increases of 4.4%, 3.7%, and 3.6%, respectively